RG 018 – Syndication Basics Part 2: How To Scale Your Real Estate Business with John Cohen
Show Notes:
In case you missed it, here are some of the highlights from our conversation with
John Cohen:
About John:
- Founder of JC Property Group;
- Has been investing in real estate since 2010;
- Created a portfolio worth over $22 mill. in just two years:
- Only began investing in multi family deals in 2014;
Something Unrelated to Real Estate Investing:
- Baseball is John’s passion;
- Massive Yankee fan;
- Went to Dominican Republic to try and crack the pro’s;
Nuts and Bolts:
Syndication in action:
- Every business runs out of money as some point: To grow you need to use other people’s money (OPM) to scale your business;
- To build a company that is worth $100 mill. you need to use syndication to scale your business – that’s 2,000 x $50,000 SFH, or a handful of large multi family deals;
- Bigger deals = better systems which makes the use of your time more effective;
- You are not asking for money, you are offering an investment opportunity;
- Syndication means that you are spinning two wheels: 1) Finding deals & 2) finding Investors;
- Finding deals: broker relationships, cold calling, mailing campaigns;
- Finding investors: developing investor’s relationships, and networking hard!;
- 1st deal John got under contract he used direct mailers;
Top Investing Tips:
- Most successful habit? Finding someone to keep you accountable, and reviewing your goals on a weekly basis;
- Most influential tool in you RE business? Always be learning!;
- What’s the most exciting project right now? 80 unit deal in Charleston;
- Who is the most influential person in your career? Chris Erso & John’s Grandfather Sal;
Contact John if you are interested to learn more about John’s journey.
Email: johnc@jcpropertygroupinc.com
Ph: 516 268 3500 ext. 101
Ready, Aim, Fire!
Happy Investing!